Hi.
Hoping to look at a new car at the weekend, its a fair distance to travel.
Im pretty sure that if i dont find any faults the seller hasnt already mentioned that im likley to want to buy it.
What is the best way to arrange payment, is it possible to both go to the bank and directly transfer the money or get a bankers draft their and then.
If i decide i want the car i would like to drive it home there and then and to hand over the money without having to wait a week or so for it to clear....

Any help on this matter?

 

You can go to the bank and get a bank transfer there and then. The only thing is it doesn't enter the other bank till the end of the days trading, so its up to the current owner if he is happy with that. It cost you £25 to do it (normally)

 

Do you know how this would work on a weekend?

Say we were to do it on a saturday would it clear at 12-1 or whenever the banks close? or monday?

 

Crazyman imho its best to pay cash and who knows you might get a better deal.

 

Waving pound notes under a seller's nose is a good bargaining tool

 

i wouldn't want to accept over £3000 in cash again. nothing happened, i just didn't like it much, kept thinking i'd get followed and the cash nicked back.

i'd NEVER sell a scoob and accept cash.

take a day off in the week, i'm sure he'd do the same to sell his car to a serious buyer & do the bankers draft thing

 

I agree, i sold a car for 3,600 and got cash, it ******* freaked me out till i got to the bank to off load the bleeder! LOL
Kept thinking everyone was a mugger and the money was couinterfeit all the time, haha.

 

Thats because you come from up north ......

we are much more friendly and trustworthy down south.

Point to note, anything above Newbury is North for me, habited by northern monkeys

Gary

 

This place never ceases to amaze me, paranoia about filling oil filters before fitment and now most of you seem to be scared of cash too?

What's the problem?? I've sold loads of cars for pretty serious amounts of cash, and the only think that worries me is it burning a hole in my pocket

Plus cash is the best bargaining tool when it comes to buying a car, you really find out how desperate someone is to sell the car (also a good way of finding out if its a lemon)..

 

Friends of ours went to Leeds with cash to pay for a car they veiwed and were mugged at gun point. Gun fired and shattered glass and friends eneded up in hospital.

Money gone, car gone....you may have read it or listened to it on Granada Reports about 2 mths ago!

Nuff said about cash I say

Good luck in your purchase...and safe driving...

 

A friend of mine got struck by lightning when he went out side, you may have heard about it.. so NEVER GO OUT SIDE!

 

Could not agree more
Good God - i am sure we all have heard of bad things happening or but life has to go on otherwise we would never set foot outside again.
Get some pertspective - i know of one person who was attacked over a year ago. I also know a lot of others who have not been.

 

Yeah i heard about that! Ive not set foot outside since!


Cash is there to be spent if you ask me! If your worried take a gun with you just incase!

 

It's about 15 yrs ago now but a bloke came to buy one of my cars carrying a sports bag. Asked for a test drive so we went out for 1/2 an hour. He left the bag on the driveway.

You guessed it, £2,500 cash in the bag Paid for the car when we got back from the test drive, I was totally gobsmacked, why the fek didnt he put it in the car?

Anyway, this was up noorf, so he must have been originally from daarn saaf

 

So the super money sniffer gangsters didnt shoot and stab him on the way up?? He must be a lucky guy! everyone know if you carry more than £100 cash you get killed!

</sarcasm>

sorry!

 

Hi Crazyman 1979 (I always think a first name is better, maybe that is your name ?),

If it's my silver wrx off ebay I would prefer bankers draft !!!

Notes are so easy to forge these days, the wife worked in a bank and could spot them, but when she quizzed me with them, I could not tell. If you have a bundle of £5,000 in notes, it would be easy to slip in a few duds.

Having said that, I'm sure it would be easy to forge a bankers draft, so would have to see it banked before I parted with my pride and joy.

Mistrust and paranoia, a funny old thing.

Cheers,
Graeme.

 

I had £6500 cash when i got my car! And a bloke had a car off me for £7000 he had cash! Cash all the way!

And one of my old cars the garage wouldnt take £7000 cash when i wanted to buy it.

 

I had with the scooby woulnt take 20K cash !!!


so had to pay it into bank and gave them a chq

Same happened with misses car so a 4k chq but that garage took 13k cash but was very nervous going into Glasgow with the cash

They maybe thought I was a English drugs barron

 

When they said they didnt want the money i nearly said i dont want the car then, and walk out! But i did actually want the car so i had to put in the bank and give them a cheque aswell!

 

Last time I took 15k cash for my EVO, I went with the customer to my bank and payed it in over the counter. The bank then accept the responsibility for checking the currency is not counterfeit and the customer accepts the responsibility for carrying the cash in his pocket to the bank.

With these sum's of money its the best way to do it.

 

There is a problem with cash, believe it or not, there are lots of counterfeit notes out there and bank staff (GF inc) are good at spotting them when you pay them in, and they don't let you have them back so you could end up out of pocket.

What's the problem?? I've sold loads of cars for pretty serious amounts of cash, and the only think that worries me is it burning a hole in my pocket

Plus cash is the best bargaining tool when it comes to buying a car, you really find out how desperate someone is to sell the car (also a good way of finding out if its a lemon)..[/quote]

 

Cheques and Bankers drafts are a DAMN sight easier to counterfeit than a massive pile of cash!

 

Seems a trip into the bank with the seller would be in order.
Fingers crossed its a good un and i may be TSL333'd up by next week.

 

IPODS are the easiest way to get mugged.. So dont pay for your car in IPODS !!

Happy to help

 

Thanks for that
Saved me from getting done, was about to buy a bulk load off ebay...

 

OK tosspots, was only trying to give some friendly advice....

 

another way to do it is find out does he have paypal?
all the convenience of a bank transaction with none of the hassle

 

Except for the massive PayPal charge!

I'm guessing you've only ever SENT money with paypal?

 

Which is why you let them bring the cash to the bank and let them pay it in to your account. If notes are forgeries, then they loose the money and you don't give them the car.

 

3% @ £10,000 is £300 people. i wouldn't pay paypal that much